Lextal has advised Estonian financial technology group IuteCredit on its EUR 75 million senior secured corporate bonds issuance. GSK Stockmann reportedly acted as a global advisor on the deal.
According to Lextal, there was an exempt offering to European institutional investors and a public offer to retail investors in Estonia, Latvia, Lithuania, and Germany. The bonds are listed on the Frankfurt Stock Exchange and the Nasdaq Tallinn Stock Exchange regulated markets.
“We are humbled and proud because of the trust and credit given to Iute by institutional and retail investors. The proceeds of the issue continue to support Iute in the pursuit of our mission, which is to create an extraordinary experience in the field of personal finance,” IuteCredit CEO Tarmo Sild commented.
The Lextal team included Estonia-based Partner Kristi Sild and Lawyers Henri Ratnik and Kaisa-Maria Kubpart, Latvia-based Attorney Liene Pommere, as well as Lithuania-based Partner Dziuginta Balciune and Lawyers Ingrida Steponaviciene, Jolanta Borko, and Haroldas Kupstas.